Liquidity Services
LQDT
135 hedge funds and large institutions have $219M invested in Liquidity Services in 2015 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 58 increasing their positions, 44 reducing their positions, and 13 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 44
10% more capital invested
Capital invested by funds: $200M → $219M (+$19.3M)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
1% less funds holding
Funds holding: 137 → 135 (-2)
62% less call options, than puts
Call options by funds: $345K | Put options by funds: $908K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cortland Advisers
Wilmington,
Delaware
|
+$14.5M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$7.43M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$4.53M |
| 4 |
SCA
STALEY CAPITAL ADVISERS
Pittsburgh,
Pennsylvania
|
+$4.41M |
| 5 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$4.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$3.97M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.9M |
| 4 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$1.89M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$1.38M |
LQDT Hedge Fund Activity: Q2 2015 in Review
135 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q2 2015, worth a combined $219M — up 9.7% from $200M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of LQDT and 12 opened new positions — a net loss of 1 holder — while 44 trimmed existing stakes and 58 added.
The largest buyer was Cortland Advisers, opening a new position worth an estimated $14.5M. The largest seller was Norges Bank, cutting an estimated $4.8M.
- 135 institutional investors held Liquidity Services (LQDT) as of Q2 2015, down from 137 in Q1 2015.
- Funds reported $219M of Liquidity Services stock for Q2 2015, up 9.7% quarter-over-quarter.
- 12 funds opened new Liquidity Services positions in Q2 2015 and 13 closed out, a net change of -1 holder.
- The largest Liquidity Services buyer in Q2 2015 was Cortland Advisers, an estimated $14.5M added.
- The largest Liquidity Services seller in Q2 2015 was Norges Bank, an estimated $4.8M sold.
Based on aggregated 13F filings for Q2 2015.